Economic growth slowed in the fourth quarter as weak business spending and a wider deficit offset the fastest pace of consumer spending since 2006.» Read More
Weekly jobless claims fell sharply while retail sales rose in a sign that steady job creation is adding momentum to consumer spending in the fourth quarter.
The Federal Reserve's bond-purchasing and low interest rate policies are buying Washington to solve the nation's debt crisis, said Pimco's Head of Global Equities Neel Kashkari.
Top central banks are extending their arrangements to swap dollars and other currencies to make sure banks have the money they need.
The Swiss government said it was cautiously optimistic for the economic outlook assuming the euro zone debt crisis does not again escalate even as it trimmed its growth forecast for 2013 to 1.3 percent.
Silvio Berlusconi offered on Wednesday to stand back and make way for Mario Monti as Italy's next leader if the outgoing technocrat premier agreed to run as the candidate for a center-right coalition.
On the outset, the Fed's unorthodox move appears to be its latest salvo to battle the economy's erratic and sub-par recovery. But some market watchers say: don't read too much into it.
The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the euro zone's debt crisis.
After years of economic troubles, an end to the euro-zone crisis is finally visible, but there is still plenty of pain to come, according to a new forecast.
A majority of Americans wants a compromise to avoid the "cliff," and most back President Barack Obama's prescription for doing so, according to a new NBC News/WSJ poll.
The Federal Reserve met market expectations Wednesday with another round of easing, this time with a pledge to keep interest rates low until unemployment falls below 6.5 percent and inflation tops 2.5 percent.
Talks to avoid the "fiscal cliff" showed little progress on Wednesday, with Republicans publicly rebuking the Obama administration and one House member saying "it's getting worse, not better."
New labor laws in Michigan are not only a major shift for the state, they could ripple across the country.
Are the days of Germany cushioning the ongoing euro zone crisis fading? One researcher thinks so.
Driving over the "fiscal cliff" was preferable to more government interference in the economy, Marc Andreessen told CNBC on Wednesday.
Germany signaled on Wednesday it was ready to back plans for the European Central Bank to be made the chief supervisor of banks, raising the prospect of a breakthrough on the European Union's most ambitious financial reform.
The U.S. economy could grow at a 4 percent rate and monthly jobs creation could get above 200,000 if Washington politicians can "grasp a rational fiscal policy" and avoid the "fiscal cliff," JPMorgan CEO Jamie Dimon said.
A "fiscal cliff" deal lies in going back to time-tested spending-to-tax ratios, Blackstone CEO Steve Schwarzman told CNBC.
U.S. import prices recorded the biggest drop in five months in November as food and fuel costs tumbled, keeping inflation pressures subdued.
Markets expect the Fed to continue buying Treasurys, but the course for rates is more likely to be determined by the "fiscal cliff" talks.
The anarchic comedian and blogger who leads one of Italy's most rapidly-growing parties said Prime Minister Mario Monti is a mere "bankruptcy curator" who "needs to disappear."
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